Brunswick Exploration Inc. (TSE:BRW) has released an update.
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Brunswick Exploration Inc., a Canada-based lithium exploration company, has announced the repurchase of a 0.5% Net Smelter Return (NSR) on certain claims of its Mirage Project in Quebec, signaling a strategic consolidation of the region to enhance the project’s economic potential. The repurchase terms include a series of cash and share payments to Sirios Resources totaling $350,000, with a milestone payment upon commencement of mineral extraction. This move comes as Brunswick eagerly anticipates the results from their Winter 2024 campaign, highlighting Mirage’s significance within its lithium project portfolio.
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